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Monday, April 06, 2009

On April 1, 2009, OMB took the significant step of issuing standard data elements that would be used for reporting under the American Recovery and Reinvestment Act of 2009 (Recovery Act). The public has until May 1, 2009 to comment on the data elements, which will be used in the reporting of grants, loans and cooperative agreement spending under Section 1512 of the Recovery Act. The proposed data elements may be accessed online. Comments may be sent via email to mpridgen@omb.eop.gov. AGA asks that its members also submit their comments on the data elements to us at hsims@agacgfm.org, so that AGA can stay apprised of our members' views on the Recovery Act and implementing guidance. Once the standard data elements are approved, each federal agency must require its recipients of grants, cooperative agreements and loans made under the Recovery Act to report the information and data electronically through a central Government wide portal or through an agency information collection process.

AGA is working to help its members stay abreast of the latest Recovery Act developments. Visit AGA's home page and click on the "Keeping Track of the Recovery Act" button at the top of the page, or click here to access up-to-minute information on the Recovery Act.

About the FedCFO Publisher

Since 1994, Doug Davidson has delivered Information Technology consulting to both public and private sector clients. He is a United States citizen and a certified Project Management Professional (PMP) who's experience with federal administrative and financial management systems is in the areas of implementation, integration, operations and maintenance, federal accounting, reporting, budgeting, data extraction, data conversion, data transformation, and information synthesization.
Learn more at:
http://www.linkedin.com/in/dougdavidson
Contact the publisher:
wddavidsonjr@gmail.com